Re:ByteDance investors value TikTok at $50B in takeover bid
by marcodave on Thursday July 30, 2020 @09:22AM
(#23997789)
> And yet the company was sold at 1 Billion USD, which seemed like short change.
That was 2009 though, was 1B USD small compared to the average corporate acquisitions at the time?
Instagram was also sold for 1B if I recall correctly.
Re:ByteDance investors value TikTok at $50B in takeover bid
by pankajdoharey on Friday July 31, 2020 @09:06AM
(#24008205)
Exactly my point Instagram is not technology, it is a platform for user content. Sun was a technology company with some real deep tech.
Infact I would go ahead and say real tech was under valued look at Sun Microsystems, A company that Developed its own Processor (Sparc) , Its own OS (Solaris) , Its own Database (Mysql) , Its own VM (Virtual Box) , Its own Language and Development Platform (Java), Its own Development IDE (Netbeans) every one of those products is real technology and a leader in its own category.
And yet the company was sold at 1 Billion USD, which seemed like short change.